(d) As the grantee provides and expends an installment of the matching
fund, which shall be equal to at least 25% of the grant amount authorized in Section
1(1) above, the Board of Public Works shall disburse an installment of the proceeds of
the grant equal to the portion of the matching fund presented at that time by the
grantee.

(e) This method of presentation of the matching fund in installments and
of the disbursement of the proceeds of the loan in installments that are equal to each
presentation of the matching fund shall continue until the first to occur of the
disbursement of the total amount of the grant or June 1, 2001.

(f) The grantee has until June 1, 2001, to present the final evidence
satisfactory to the Board of Public Works that the total matching fund will be
provided. If satisfactory evidence is presented, the Board shall certify this fact, the
amount of the final installment of the matching fund, and the amount of the total
matching fund to the State Treasurer, and the final proceeds of the loan equal to the
final installment of the matching fund shall be expended for the purposes provided in
this Act. After June 1, 2001, any amount of the loan in excess of the amount of the
matching fund certified by the Board of Public Works shall be canceled and be of no
further effect.

(5) Prior to the payment of any funds under the provisions of this Act for the
purposes set forth in Section 1(3) above, the grantee shall provide and expend a
matching fund. No part of the grantee's matching fund may be provided, either directly
or indirectly, from funds of the State, whether appropriated or unappropriated. No
part of the fund may consist of real property or funds expended prior to the effective
date of this Act. The fund may consist of in kind contributions. In case of any dispute
as to the amount of the matching fund or what money or assets may qualify as
matching funds, the Board of Public Works shall determine the matter and the Board's
decision is final. The grantee has until June 1, 2001, to present evidence satisfactory to
the Board of Public Works that a matching fund will be provided. If satisfactory
evidence is presented, the Board shall certify this fact and the amount of the matching
fund to the State Treasurer, and the proceeds of the loan equal to the amount of the
matching fund shall be expended for the purposes provided in this Act. Any amount of
the loan in excess of the amount of the matching fund certified by the Board of Public
Works shall be canceled and be of no further effect.

(6) (a) Prior to the issuance of the bonds, the grantee shall grant and convey
to the Maryland Historical Trust a perpetual preservation easement to the extent of
its interest:

(i) On the land or such portion of the land acceptable to the Trust;

and

(ii) On the exterior and interior, where appropriate, of the historic

structures.

(b) The easement must be in form and substance acceptable to the Trust
and the extent of the interest to be encumbered must be acceptable to the Trust.